Page:United States Statutes at Large Volume 116 Part 1.djvu/385

 PUBLIC LAW 107-171—MAY 13, 2002 116 STAT. 359 " (B) SMALL AND EMERGING PRIVATE BUSINESS ENTER- PRISES.— "(i) IN GENERAL. —For the purpose of subparagraph (A), a small and emerging private business enterprise shall include (regardless of the number of employees or operating capital of the enterprise) an eligible nonprofit entity, or other tax-exempt organization, with a principal office in an area that is located— "(I) on land of an existing or former Native American reservation; and "(II) in a city, town, or unincorporated area that has a population of not more than 5,000 inhabitants. "(ii) USE OF GRANT. — An eligible nonprofit entity, or other tax exempt organization, described in clause (i) may use assistance provided under this paragraph to create, expand, or operate value-added processing in an area described in clause (i) in connection with production agriculture. "(iii) PRIORITY. —In making grants under this paragraph, the Secretary shall give priority to grants that will be used to provide assistance to eligible nonprofit entities and other tax exempt organizations described in clause (i).". SEC. 6015. RURAL COOPERATIVE DEVELOPMENT GRANTS. Section 310B(e) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932(e)) is amended— (1) in paragraph (5)(F), before the period at the end the following: ", except that the Secretary shall not require non- Federal financial support in an amount that is greater than 5 percent in the case of a 1994 institution (as defined in section 532 of the Equity in Educational Land-Grant Status Act of 1994 (7 U.S.C. 301 note; Public Law 103-382))"; and (2) in paragraph (9), by striking "2002" and inserting " 2007". SEC. 6016. GRANTS TO BROADCASTING SYSTEMS. Section 310B(f) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932(f)) is amended by adding at the end the following: " (3) AUTHORIZATION OF APPROPRIATIONS. —T here is authorized to be appropriated to carry out this subsection $5,000,000 for each of fiscal years 2002 through 2007.". SEC. 6017. BUSINESS AND INDUSTRY LOAN MODIFICATIONS. Section 310B of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932) is amended by striking subsection (g) and inserting the following: " (g) BUSINESS AND INDUSTRY DIRECT AND GUARANTEED LOANS.— "(1) DEFINITION OF BUSINESS AND INDUSTRY LOAN.—In this subsection, the term 'business and industry loan' means a business and industry direct or guaranteed loan that is made or guaranteed by the Secretary under subsection (a)(1). " (2) LOAN GUARANTEES FOR THE PURCHASE OF COOPERATIVE STOCK. — 99-194 O - 03 -13:QL 3 Parti

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